Mortgage Regulation Act – the new regime

In May 2012, the Nova Scotia Legislature passed the Mortgage Regulation Act (“MRA”). The MRA has not yet come into force, but, when it does, it will r

In May 2012, the Nova Scotia Legislature passed the Mortgage Regulation Act (“MRA”). The MRA has not yet come into force, but, when it does, it will replace the Mortgage Brokers’ and Lenders’ Registration Act and, in conjunction with the regulations that will be passed pursuant to the MRA (the “MRA …